VeChain (VEN) MainNet launch gathers support from Bithumb
VeChain (VEN) MainNet day is approaching and a number of exchanges are supporting the blockchain for its token migration. A few hours ago, Bithumb also joined the list by announcing that they’ll be supporting VeChain.
The token swap on the famous Korean cryptocurrency exchange. The announcement by Bithumb came exactly a week after it was hacked where they lost cryptocurrency worth $30 million. The incident created an outburst among the investors over the past week. Deposits and transactions stopped for about two days. They recovered from the hack after taking all the necessary security measures.
The announcement was made on the official website of the exchange where it was mentioned that the token migration will be done by July 16, as scheduled by the VeChain Foundation. The MainNet launch is scheduled for June 30. During the swap, the existing ERC20 tokens will be exchanged to VeChainThor [VET] tokens at 1:100 ratio. After the migration, there are a serious of events that are lined up for the blockchain such as VeChainThor mobile wallet, X-Node status monitoring, token integration with Ledger wallet and many more.
We support VeChain(VEN) Mainnet Launch.
The process of token swap will be carried out automatically without requiring any further actions from our customers.
Please refer to the official notice on our website.
— Bithumb (@BithumbOfficial) June 28, 2018
Meanwhile, KuCoin, the trading platform for many digital assets and cryptocurrencies such as Bitcoin, Ethereum, NEO, EOS, USDT, KCS and others announced that it will be supporting VeChain. The trading platform offers its users secure and transparent digital asset transactions. And, that is achieved by integrating premium assets worldwide and by creating a state of the art transaction platform. Also, the blockchain recently collaborated with Safe Haven to offer digitized inheritances. They will be building their legacy system on the upcoming VeChainThor Blockchain.
VeChain Market Performance
VeChain is currently trading at $2.58 with a market capitalization of $1.4 billion, with about 547 million tokens in circulation at present. Currently, the entire market is showing high volatility and therefore the token also gets pulled towards the bearish trend.
Image via Shutterstock
Join our Telegram group